In a report released today, Andrew Strelzik from BMO Capital maintained a Buy rating on Wendy’s (WEN – Research Report), with a price target of $28.00. The company’s shares closed last Wednesday at $22.77.
According to TipRanks.com, Strelzik is a 4-star analyst with an average return of 6.0% and a 58.5% success rate. Strelzik covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Papa John’s International, and Brinker International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wendy’s with a $31.94 average price target, a 39.4% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $77.00 price target.
The company has a one-year high of $29.46 and a one-year low of $18.86. Currently, Wendy’s has an average volume of 2.06M.
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The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.
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